401(k) · DOL Form 5500 · 2023
Sonic Automotive, Inc. 401(k) Plan
Data updated 2026-08-25
- $491M
- Total assets Above avg plan size
- 8,078
- Participants Very large workforce
- 97th
- Percentile by assets National rank
- $60,777
- Avg per participant Low balance/head
Official DOL plan name: Sonic Automotive, Inc. 401(k) Plan & Trust · Sponsored by Sonic Automotive, Inc. · North Carolina · Retail Trade
$491M in assets, 8,078 participants
Sonic Automotive, Inc.'s Sonic Automotive, Inc. 401(k) Plan & Trust reported $491M in total assets and 8,078 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #8,278 in Retail Trade (8,414 peers)
Coverage in North Carolina
Sonic Automotive, Inc. 401(k) Plan & Trust covers 8,078 participants in North Carolina, 9.9x the typical North Carolina plan (state average ~819 per filing). Assets: $491M.
- #8,278
- in Retail Trade (8,414 peers)
- +15.7%
- assets growth YoY
- 4.9×
- vs typical plan assets (national mean)
Sonic Automotive, Inc. 401(k) Plan & Trust's outsized position by total assets
Sonic Automotive, Inc. 401(k) Plan & Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$490,957,282 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Sonic Automotive, Inc. 401(k) Plan & Trust's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sonic Automotive, Inc. 401(k) Plan & Trust lands in the large band (8,078 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sonic Automotive, Inc. 401(k) Plan & Trust reported net income rose from -$69M in the plan year 2022 filing to $70M in the plan year 2023 filing.
- Sonic Automotive, Inc. 401(k) Plan & Trust end-of-year assets rose from $424M in the plan year 2022 filing to $491M in the plan year 2023 filing.
- Sonic Automotive, Inc. 401(k) Plan & Trust reported participants rose from 7,953 in the plan year 2022 filing to 8,078 in the plan year 2023 filing.
DOL schedule card
Filing strip 562010790 · Sonic Automotive, Inc. PY 2023 · 401(k)
Sonic Automotive, Inc. 401(k) Plan & Trust · $491M · 8,078 · 97th
- IND $491M
- EOY 8,078
- 5500 97th
- ASSETS 401(k)
- PCT near Boyd Gaming Corporation 401(k) Plan and Trust
- EIN ind #8278
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in North Carolina →
Sonic Automotive, Inc. 401(k) Plan & Trust in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $424M |
|---|---|
| Net Assets (End of Year) | $491M |
| Net Income | $70M |
| Employer EIN | 562010790 |
| Plan Effective Date | 1994-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sonic Automotive, Inc.)
Sponsor-wide plan assets over time
All Sonic Automotive, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $584M 28.622099585426508% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 8,306 | $454M |
| 2023 | 2 | 8,467 | $523M |
| 2024 | 2 | 8,872 | $584M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
Scale composition for Sonic Automotive, Inc. 401(k) Plan & Trust
Sonic Automotive, Inc. 401(k) Plan & Trust reports $491M in end-of-year assets across 8,078 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $60,777 per participant (44% of the national average assets-per-participant) . Net income for plan year 2023 was $70M.
This plan identity (EIN 562010790, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $424M to $548M (+29.2%) while covered participants moved from 7,953 to 8,469 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,953 | $424M | Open filing |
| 2023 | 8,078 | $491M | This page |
| 2024 · index core | 8,469 | $548M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Sonic Automotive, Inc. 401(k) Plan (401(k), $548M, 8,469 participants)
Sonic Automotive, Inc. 401(k) Plan & Trust's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Boyd Gaming Corporation 401(k) Plan and Trust in NV ($491M); by covered participants it is Westat, Inc. Savings Plan in MD (8,077 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($491M here).
- Boyd Gaming Corporation 401(k) Plan and Trust (NV) $491M · 13,637
- Nouryon Chemicals Retirement Savings Plan (IL) $491M · 1,426
- Northeast Grocery 401(k) Plan (NY) $491M · 1,646
- Endo Savings and Investment Plan (PA) $492M · 1,322
Similar participant headcount
Nearest other-state filings by covered participants (8,078 participants); asset peers above are excluded.
- Westat, Inc. Savings Plan (MD) 8,077 · 1 off
- Lifestance Health 401(k) Plan (AZ) 8,081 · 3 off
- Nnpp Contractor Savings Plan (PA) 8,074 · 4 off
- Nbcuniversal Capital Accumulation Plan (Cap) (NY) 8,060 · 18 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.